Chainlink (LINK) has surged above $24 amidst increased activity and optimism seen across on-chain metrics.
As the token rallied by almost 45% this week, investors now await more gains.
$24 Isn’t the Ceiling
In its latest tweet, crypto analytics firm Santiment reported 6,463 active LINK addresses, which marked an eight-month high. This milestone is accompanied by 4,624 whale transactions of more than $100,000—the highest in seven months.
Social sentiment has also spiked. The analytics company recorded 3.3 bullish comments for every bearish one, which happens to be the most favorable ratio in four months. This indicates that “Chainlink marines” are showing their strongest bullishness since February 1, coinciding with LINK’s climb to the 11th-largest cryptocurrency by market capitalization.
To top that, over the past 48 hours, roughly 2 million Chainlink tokens have been withdrawn from cryptocurrency exchanges, according to data shared by crypto analyst Ali Martinez.
Such large
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